Plum Acquisition Corp Stock Market Value
| PLMJ Stock | 11.10 0.04 0.36% |
| Symbol | Plum |
Plum Acquisition Corp Company Valuation
Is Financial Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Plum Acquisition. If investors know Plum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Plum Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.63) | Earnings Share 0.19 | Return On Assets (0) |
The market value of Plum Acquisition Corp is measured differently than its book value, which is the value of Plum that is recorded on the company's balance sheet. Investors also form their own opinion of Plum Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Plum Acquisition's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Plum Acquisition's market value can be influenced by many factors that don't directly affect Plum Acquisition's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Plum Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plum Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plum Acquisition's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Plum Acquisition 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Plum Acquisition's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Plum Acquisition.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Plum Acquisition on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Plum Acquisition Corp or generate 0.0% return on investment in Plum Acquisition over 30 days. Plum Acquisition is related to or competes with Visa, Diamond Hill, Distoken Acquisition, AllianceBernstein, Associated Capital, Brookfield Corp, and Blackstone. Plum Acquisition is entity of United States More
Plum Acquisition Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Plum Acquisition's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Plum Acquisition Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4909 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 1.64 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.5484 |
Plum Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plum Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plum Acquisition's standard deviation. In reality, there are many statistical measures that can use Plum Acquisition historical prices to predict the future Plum Acquisition's volatility.| Risk Adjusted Performance | 0.0779 | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | 0.0144 | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.45) |
Plum Acquisition Corp Backtested Returns
Plum Acquisition is very steady at the moment. Plum Acquisition Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Plum Acquisition Corp, which you can use to evaluate the volatility of the company. Please check Plum Acquisition's Semi Deviation of 0.0814, risk adjusted performance of 0.0779, and Coefficient Of Variation of 804.64 to confirm if the risk estimate we provide is consistent with the expected return of 0.0359%. Plum Acquisition has a performance score of 10 on a scale of 0 to 100. The company holds a Beta of -0.0485, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Plum Acquisition are expected to decrease at a much lower rate. During the bear market, Plum Acquisition is likely to outperform the market. Plum Acquisition Corp right now holds a risk of 0.26%. Please check Plum Acquisition Corp downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Plum Acquisition Corp will be following its historical price patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
Plum Acquisition Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Plum Acquisition time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Plum Acquisition Corp price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Plum Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Plum Acquisition Corp lagged returns against current returns
Autocorrelation, which is Plum Acquisition stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Plum Acquisition's stock expected returns. We can calculate the autocorrelation of Plum Acquisition returns to help us make a trade decision. For example, suppose you find that Plum Acquisition has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Plum Acquisition regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Plum Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plum Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plum Acquisition stock over time.
Current vs Lagged Prices |
| Timeline |
Plum Acquisition Lagged Returns
When evaluating Plum Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plum Acquisition stock have on its future price. Plum Acquisition autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Plum Acquisition autocorrelation shows the relationship between Plum Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in Plum Acquisition Corp.
Regressed Prices |
| Timeline |
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Plum Acquisition technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.